SPDR S&P Telecom ETF (NYSEARCA:XTL) Short Interest Update

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 18,800 shares, an increase of 46.9% from the September 30th total of 12,800 shares. Based on an average daily trading volume, of 13,200 shares, the short-interest ratio is currently 1.4 days. Approximately 1.7% of the shares of the company are sold short. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 13,200 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XTL. Fulcrum Equity Management lifted its position in shares of SPDR S&P Telecom ETF by 31.8% during the 1st quarter. Fulcrum Equity Management now owns 10,900 shares of the company’s stock valued at $1,089,000 after buying an additional 2,628 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of SPDR S&P Telecom ETF by 0.5% during the 1st quarter. Cetera Investment Advisers now owns 35,886 shares of the company’s stock valued at $3,587,000 after buying an additional 173 shares in the last quarter. LPL Financial LLC lifted its position in shares of SPDR S&P Telecom ETF by 8.5% during the 1st quarter. LPL Financial LLC now owns 105,544 shares of the company’s stock valued at $10,549,000 after buying an additional 8,293 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of SPDR S&P Telecom ETF by 23.6% during the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,069 shares of the company’s stock valued at $607,000 after buying an additional 1,158 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in SPDR S&P Telecom ETF by 2.1% during the 1st quarter. Raymond James Financial Inc. now owns 32,680 shares of the company’s stock valued at $3,266,000 after purchasing an additional 682 shares during the period.

SPDR S&P Telecom ETF Stock Up 1.1%

XTL stock opened at $155.49 on Monday. SPDR S&P Telecom ETF has a twelve month low of $84.68 and a twelve month high of $155.91. The stock has a market cap of $202.14 million, a P/E ratio of 17.49 and a beta of 1.11. The business’s 50-day moving average price is $142.84 and its 200-day moving average price is $122.46.

About SPDR S&P Telecom ETF

The SPDR S&P Telecom ETF (XTL) is an exchange-traded fund that is based on the S&P Telecom Select Industry index. The fund tracks an equal-weighted index of US telecom companies selected by the S&P Committee. XTL was launched on Jan 26, 2011 and is managed by State Street.